Moody’s Co. (NYSE:MCO) announced a quarterly dividend on Tuesday, April 16th, RTT News reports. Investors of record on Monday, May 20th will be paid a dividend of 0.50 per share by the business services provider on Monday, June 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.05%.
Moody’s has increased its dividend by an average of 9.0% annually over the last three years and has raised its dividend annually for the last 9 consecutive years. Moody’s has a payout ratio of 25.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Moody’s to earn $8.67 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 23.1%.
Shares of NYSE:MCO opened at $190.54 on Wednesday. The firm has a market cap of $35.72 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 7.96. Moody’s has a 1-year low of $129.26 and a 1-year high of $190.78.
Moody’s (NYSE:MCO) last issued its quarterly earnings results on Friday, February 15th. The business services provider reported $1.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.71 by ($0.08). The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.14 billion. Moody’s had a return on equity of 268.11% and a net margin of 29.48%. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.51 EPS. As a group, research analysts expect that Moody’s will post 7.89 earnings per share for the current fiscal year.
In other Moody’s news, insider Raymond W. Mcdaniel sold 44,146 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $183.95, for a total transaction of $8,120,656.70. Following the completion of the transaction, the insider now owns 229,749 shares in the company, valued at approximately $42,262,328.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.90% of the stock is currently owned by corporate insiders.
A number of brokerages recently weighed in on MCO. UBS Group increased their price target on shares of Moody’s from $170.00 to $198.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Piper Jaffray Companies increased their price target on shares of Moody’s from $178.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Zacks Investment Research cut shares of Moody’s from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Cantor Fitzgerald reiterated a “hold” rating and set a $145.00 price target on shares of Moody’s in a research note on Friday, February 15th. Finally, BMO Capital Markets upped their price objective on shares of Moody’s to $182.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Moody’s presently has a consensus rating of “Hold” and a consensus price target of $174.60.
Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.
See Also: Coverage Ratio
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